MillerKnoll executive converts RSUs, withholds shares
MillerKnoll, Inc. executive Michael John P reported the vesting and conversion of 16,415 restricted stock units into common stock on July 22, 2026.
Rhea-AI Filing Summary
MillerKnoll, Inc. executive Michael John P reported the vesting and conversion of 16,415 restricted stock units into common stock on July 22, 2026. Each restricted stock unit represents a contingent right to receive one share of common stock and vests in three equal annual installments each July 22. In connection with these awards, 2,815.428 and 4,716.230 common shares were disposed of at $21.8950 per share to satisfy obligations related to the transactions, while footnotes note that derivative holdings include dividend equivalent units covered by a Rule 16b-2 exemption.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 5,994 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F3 | 10,421 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 5,994 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 10,421 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,815.428 | $21.895 | $62K |
| Exercise Price or Tax Liability | Common Stock | 4,716.23 | $21.895 | $103K |
Footnotes (3)
- F1. The Number of Derivative Securities Beneficially Owned Following Reported Transaction reflected in Table I of this form includes dividend equivalent units reinvested in the corresponding vesting RSUs, which satisfies the exemption of Rule 16b-2.
- F2. Each restricted stock unit represents a contingent right to receive one share of MLKN common stock.
- F3. The restricted stock units vest in three equal annual installments. Vesting for each tranche occurs on July 22nd of each respective year.
Key Figures
Key Terms
Restricted Stock Units financial
dividend equivalent units financial
Rule 16b-2 regulatory
contingent right financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity transactions did Michael John P report for MillerKnoll (MLKN) on July 22, 2026?
How many MillerKnoll (MLKN) restricted stock units did Michael John P convert to common stock?
Do MillerKnoll (MLKN) restricted stock units convert into common stock on a one-for-one basis?
How do MillerKnoll (MLKN) restricted stock units reported by Michael John P vest over time?
What does the MillerKnoll (MLKN) filing say about dividend equivalent units on the RSUs?
AI-generated analysis. How Rhea-AI works. Not financial advice.